Feletti: Let's not 'apocalypse', gov't to take 'sufficient measures'

The Chairman of the Lower House Revenue and Budget committee expressed confidence that the government will take sufficient measures” to comply with all of Argentina’s debt commitments.

“Luckily, Argentina is 11 years far away from the Apocalypse. Let’s not have an apocalyptic vision (of this matter) though it is very important,” Feletii told reporters this morning following yesterday’s news that the Supreme Court of the United States was rejecting the South American country’s appeal against vulture funds suing it over its defaulted bonds more than a decade ago.

The Victory Front MP who took part of the Argentine mission to Washington last week to reinforce the country’s position, considered the ruling “complicates” both “Argentina and the international financial order” although he stressed the government’s “economic team was preparing enough measures” to allow the payment of all “commitments,” paving the way for the next ruling administration “to find the problem resolved”.

“Argentina is not on the edge of an apocalyptic situation. Its economy works normally. The necessary measures will be taken to defend the process of debt restructuring and to allow those who legitimately take over the government next year find a country with its foreign sector in order,” Feletti affirmed calling to “trust” in the Kirchnerite government that “has been resolving the default-liked problems since 2005,” when the administration of ex late president Néstor Kirchner announced the first of two debt swaps with Argentina’s creditors.

“It is a mistake of the opposition to believe that politics can be made with something that is that consistent. It is no time to capitalise votes because they will have to take responsibility if they want to rule,” the also ex deputy economy minister added.